Heavy rains and flooding in the spring delayed the planting schedule. In May, just half of the acres set aside for soybeans were planted. Then, triple-digit temperatures and dryness last month left fields parched.

The agriculture agency forecasts that farmers will grown 3 billion bushels of soybeans this year and next, 5.2% less than previously expected. The corn harvest is 4.1% slimmer than anticipated with 12.9 billion bushels. The wheat prognosis is for 2 billion bushes -– a 1.4% slip.